When emergency arises, people need to have money immediately; they cannot wait for their annuity payments. It is a good thing then that there are various companies in the market that are willing to buy your structured settlement annuity so you can have cash when you need it most.
There are various reasons why people decide to sell structured settlement annuity; some do it voluntarily while others do it because they have no other choice. Whatever the reason though, having an annuity payment buyer to turn to in time of need is definitely a welcome option for anyone concerned.
Basically, what you need to understand about structured settlements is that they are just financial agreements wherein compensation from insurance settlements will be paid using an annuity. This can be in the form of regularly scheduled payment installment over a period of time instead of being paid bulk payout. A lot of people decide to sell the annuity payments from this kind of structure because they want to be free of the restriction of waiting for the disbursement.
Some people prefer to receive lump sum because they need it for their children’s education, starting a business,...
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